Brokerages predict that Jernigan Capital Inc (NYSE:JCAP) will post $0.95 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Jernigan Capital’s earnings, with the highest EPS estimate coming in at $1.05 and the lowest estimate coming in at $0.83. Jernigan Capital posted earnings of $0.23 per share during the same quarter last year, which would indicate a positive year over year growth rate of 313%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, February 27th.
On average, analysts expect that Jernigan Capital will report full-year earnings of $2.75 per share for the current financial year, with EPS estimates ranging from $2.67 to $2.92. For the next year, analysts forecast that the company will post earnings of $2.29 per share, with EPS estimates ranging from $1.94 to $2.55. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Jernigan Capital.
Get Jernigan Capital alerts:JCAP has been the subject of several recent research reports. Zacks Investment Research raised shares of Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. Raymond James raised their price objective on shares of Jernigan Capital from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, December 11th. KeyCorp set a $23.00 price objective on shares of Jernigan Capital and gave the stock a “buy” rating in a report on Wednesday, November 28th. Finally, B. Riley set a $26.00 price objective on shares of Jernigan Capital and gave the stock a “buy” rating in a report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.60.
In other news, Director James D. Dondero sold 19,081 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $21.17, for a total transaction of $403,944.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Loeb Partners Corp acquired a new stake in shares of Jernigan Capital during the fourth quarter worth approximately $40,000. American International Group Inc. grew its stake in shares of Jernigan Capital by 35.4% during the third quarter. American International Group Inc. now owns 11,927 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 3,116 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Jernigan Capital by 25.4% during the third quarter. Rhumbline Advisers now owns 16,417 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 3,329 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Jernigan Capital by 12.2% during the third quarter. TIAA CREF Investment Management LLC now owns 30,886 shares of the real estate investment trust’s stock valued at $596,000 after purchasing an additional 3,349 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Jernigan Capital by 2.6% during the second quarter. Northern Trust Corp now owns 154,186 shares of the real estate investment trust’s stock valued at $2,939,000 after purchasing an additional 3,874 shares during the last quarter. 68.10% of the stock is owned by institutional investors.
Shares of JCAP traded down $0.03 during trading hours on Thursday, reaching $21.61. 61,700 shares of the company traded hands, compared to its average volume of 121,581. The firm has a market capitalization of $419.28 million, a P/E ratio of 20.01 and a beta of 0.59. Jernigan Capital has a 1-year low of $16.75 and a 1-year high of $22.05.
Jernigan Capital Company Profile
Jernigan Capital, Inc is a New York Stock Exchange-listed real estate investment trust (NYSE: JCAP) that provides debt and equity capital to private developers, owners, and operators of self-storage facilities. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value.
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